198 Commercial St Se, Salem, OR 97301

Listing Courtesy of CENTURY 21 NORTH HOMES. 541-350-0690

$8,215,000
41,472
SqFt
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List Price
$8,215,000
Status
ACTIVE
Price Change
▼ $285,000 1784858220
MLS#
840891
Subtype
Commercial Sale
Year Built
1956
Living Area
41,472
Lot Size
19,883
Acres
0.46
Building Name
198 Commercial Street
MLS Area Major
20 Central Salem
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(971) 600-3663

Property Description

Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Price reduced, 8.6% CAP Rate! Over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!

(971) 600-3663
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Additional Information

Taxes
$87,745
Heating
Forced Air, Heat Pump, Zoned
Air Conditioning
Central Air
Foundation
Slab
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.